Jamaica’s economy contracted 2.9% year-on-year in the second quarter of 2026, following a sharper 4.1% decline in the previous quarter, pointing to a slower pace of contraction. Most sectors recorded declines, with growth reported only in manufacturing (0.1%), construction (0.4%), trade, repair of motor vehicles, and installation of machinery and equipment (0.6%), financial and insurance activities (3.0%), public administration and defence (0.3%), and other manufacturing (7.1%). The steepest contraction came from mining and quarrying, which fell 26.1%, followed by agriculture, forestry and fishing (-15.3%), accommodation and food services (-12.3%), and transport and storage (-6.1%). On a quarter-on-quarter basis, the economy grew 1.2%, slowing from a 3.0% expansion in the first quarter. source: Statistical Institute of Jamaica

The Gross Domestic Product (GDP) in Jamaica contracted 2.90 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Jamaica averaged 0.76 percent from 1997 until 2026, reaching an all time high of 16.20 percent in the second quarter of 2021 and a record low of -16.80 percent in the second quarter of 2020. This page provides - Jamaica GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.

The Gross Domestic Product (GDP) in Jamaica contracted 2.90 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Jamaica is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Jamaica GDP Annual Growth Rate is projected to trend around 2.40 percent in 2027 and 1.60 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-30 08:00 PM
GDP Growth Rate YoY
Q1 -4.1% -7.1% 0.8%
2026-10-01 04:20 PM
GDP Growth Rate YoY
Q2 -2.9% -4.1% 1.0%
2026-12-31 03:00 PM
GDP Growth Rate YoY
Q3 -2.9% 0.9%


Related Last Previous Unit Reference
GDP Growth Rate YoY -2.90 -4.10 percent Jun 2026
GDP Constant Prices 420888.00 415827.00 USD Million Jun 2026
GDP from Agriculture 30341.00 28638.00 USD Million Jun 2026
GDP from Construction 24594.00 27270.00 USD Million Jun 2026
GDP from Manufacturing 42528.00 40687.00 USD Million Jun 2026
GDP from Mining 4139.00 4528.00 USD Million Jun 2026
GDP from Public Administration 28642.00 26925.00 USD Million Jun 2026
GDP from Services 75567.00 67323.00 USD Million Jun 2026
GDP From Transport and Storage 21347.00 24485.00 USD Million Jun 2026
GDP from Utilities 11385.00 10440.00 USD Million Jun 2026
GDP Growth Rate 1.20 3.30 percent Jun 2026


Jamaica GDP Annual Growth Rate
Jamaica, is a small island nation situated in a strategic position near the Panama Canal, and one of the slowest growing economy in the Caribbean. Services, with tourism employing 10 percent of the population, is the most important sector of the economy and accounts for around 60 percent of GDP.
Actual Previous Highest Lowest Dates Unit Frequency
-2.90 -4.10 16.20 -16.80 1997 - 2026 percent Quarterly
NSA

News Stream
Jamaica GDP Falls For Second Straight Quarter
Jamaica’s economy contracted 4.1% year-on-year in the first quarter of 2026, following a sharper 7.1% decline in the previous quarter, pointing to a slower pace of economic contraction. Nearly all sectors recorded declines, with only financial and insurance activities (2.9%) and manufacturing (0.6%) posting growth. The steepest drop came from mining and quarrying, which fell 23.5%, followed by agriculture, forestry and fishing (-18.3%), accommodation and food services (-16.6%), and utilities (-10.2%). On a quarter-on-quarter basis, the economy rebounded 3.3%, recovering part of the 7.3% contraction recorded in the previous quarter.
2026-06-30
Jamaica's Economy Contracts The Most Since Pandemic
Jamaica's economy contracted 7.1% year-over-year in Q4 2025, slowing sharply from a 5.1% expansion in Q3 and marking the largest contraction since Q3 2020. All sectors contracted except financial and insurance activities (1.4%) and public administration and defence (2.2%). Mining and quarrying posted the largest fall at -37.5%, followed by accommodation and food service activities at -31% and agriculture, forestry, and fishing at -17.7%. On a quarter-over-quarter basis, GDP slumped 7.3%.
2026-04-01
Jamaica GDP Growth Picks Up in Q3
Jamaica’s economy expanded 5.1% year-on-year in the third quarter of 2025, accelerating from a 1.7% increase in the previous quarter. Growth was led by agriculture, forestry, and fishing (20.9%), followed by other manufacturing (12.0%), transport and storage (7.1%), and accommodation and food services (6.8%). Public administration and defence was the only sector to contract, down 0.7%. On a quarter-on-quarter basis, GDP increased 1.1%.
2025-12-31